Sphere Entertainment (NYSE:SPHR) Price Target Raised to $159.00

Key Points

• Susquehanna raised its price target on Sphere to $159 (a ~10% upside) and maintained a "positive" rating, joining several firms that recently bumped targets after the company's strong quarter.
• Multiple analysts upgraded coverage and raised targets — notably BTIG to $190, Morgan Stanley to $170 and Benchmark to $155 — leaving a consensus rating of "Moderate Buy" and a $140.92 average price target.
• Q1 beat but profitability remains a concern: revenue came in at $386.4M (vs. $313.4M est.) and EPS was ($0.04) vs. ($0.86) est., yet the company still shows a negative P/E and analysts expect a full-year loss, so sustainable cash flow/profitability are needed to justify higher valuations.

Sphere Entertainment (NYSE:SPHR - Get Free Report) had its price target hoisted by equities researchers at Susquehanna from $133.00 to $159.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "positive" rating on the stock. Susquehanna's price objective would suggest a potential upside of 10.03% from the company's current price.

Other equities research analysts have also issued research reports about the company. Bank of America upped their price target on Sphere Entertainment from $110.00 to $132.00 and gave the company a "neutral" rating in a research report on Thursday, April 9th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 price objective on shares of Sphere Entertainment in a research note on Wednesday. BTIG Research boosted their price objective on Sphere Entertainment from $127.00 to $190.00 and gave the company a "buy" rating in a research note on Wednesday. Benchmark raised Sphere Entertainment from a "hold" rating to a "buy" rating and set a $155.00 price objective on the stock in a research note on Wednesday. Finally, Seaport Research Partners raised Sphere Entertainment from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 8th. Eleven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.92.

Sphere Entertainment Trading Up 5.8%

Shares of NYSE SPHR traded up $7.91 during trading on Wednesday, reaching $144.51. The company had a trading volume of 120,063 shares, compared to its average volume of 808,517. The company's fifty day moving average price is $120.86 and its 200-day moving average price is $99.08. Sphere Entertainment has a 12 month low of $29.25 and a 12 month high of $149.00. The stock has a market cap of $5.13 billion, a P/E ratio of -320.44 and a beta of 1.69. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.34.

Sphere Entertainment (NYSE:SPHR - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.86) by $0.82. Sphere Entertainment had a negative return on equity of 8.84% and a net margin of 2.16%.The firm had revenue of $386.41 million for the quarter, compared to analyst estimates of $313.41 million. During the same quarter in the previous year, the company posted ($2.27) EPS. The business's revenue was up 37.7% on a year-over-year basis. As a group, research analysts expect that Sphere Entertainment will post -2.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quent Capital LLC bought a new position in Sphere Entertainment in the third quarter worth approximately $30,000. ORG Partners LLC boosted its holdings in Sphere Entertainment by 80.1% in the third quarter. ORG Partners LLC now owns 661 shares of the company's stock worth $41,000 after acquiring an additional 294 shares in the last quarter. Hollencrest Capital Management bought a new position in Sphere Entertainment in the fourth quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd boosted its holdings in Sphere Entertainment by 53.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the company's stock worth $43,000 after acquiring an additional 156 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Sphere Entertainment in the fourth quarter worth approximately $48,000. 92.03% of the stock is owned by institutional investors and hedge funds.

Sphere Entertainment News Roundup

Here are the key news stories impacting Sphere Entertainment this week:

• Positive Sentiment: Q1 results beat consensus — Sphere reported significantly higher revenue (about $386.4M) and came in ahead of EPS estimates, driven by strong segment performance and year-over-year revenue growth; the company also reiterated expansion plans for additional Sphere venues. Press Release
• Positive Sentiment: Analyst upgrades and higher price targets — Benchmark upgraded SPHR to Buy with a $155 target, and BTIG raised its target to $190 and maintained a Buy; those upgrades signal institutional confidence and add upward price pressure. Analyst Notes
• Positive Sentiment: Additional positive coverage — Financial media and outlets summarized the showstopping Q1 performance and highlighted improving margins and a return toward profitability, supporting momentum in the shares. Zacks Coverage
• Neutral Sentiment: Earnings call transcript available — The Q1 2026 earnings call transcript provides more color on forward plans, capital allocation and venue pipeline; useful for investors wanting details on timing and cash flow assumptions. Earnings Call
• Neutral Sentiment: Growth runway highlighted — Management noted progress on new Sphere projects (Abu Dhabi, National Harbor) and ongoing discussions with other markets; these are potential multi‑year revenue drivers but carry long lead times. Business Wire
• Negative Sentiment: Underlying fundamentals and valuation risks — Despite the quarter’s beat, the company still shows a negative historical P/E and negative return on equity; analysts project losses for the fiscal year, so profitability and free-cash-flow proof points will be needed to sustain higher valuations. Market Data

Sphere Entertainment Company Profile

Sphere Entertainment Co NYSE: SPHR is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.